Clark Estates Inc. NY Acquires 75,000 Shares of United Parks & Resorts Inc. $PRKS

Clark Estates Inc. NY increased its holdings in shares of United Parks & Resorts Inc. (NYSE:PRKS) by 57.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 205,000 shares of the company’s stock after purchasing an additional 75,000 shares during the quarter. United Parks & Resorts accounts for 2.4% of Clark Estates Inc. NY’s portfolio, making the stock its 13th biggest holding. Clark Estates Inc. NY owned about 0.37% of United Parks & Resorts worth $10,598,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PRKS. Campbell & CO Investment Adviser LLC purchased a new stake in shares of United Parks & Resorts during the 2nd quarter valued at about $1,533,000. Norges Bank purchased a new position in shares of United Parks & Resorts during the second quarter valued at approximately $12,019,000. Principal Financial Group Inc. bought a new position in United Parks & Resorts during the third quarter valued at approximately $6,876,000. State of Alaska Department of Revenue purchased a new stake in United Parks & Resorts in the third quarter worth approximately $865,000. Finally, Voss Capital LP boosted its holdings in United Parks & Resorts by 3.7% in the second quarter. Voss Capital LP now owns 1,965,000 shares of the company’s stock worth $92,650,000 after purchasing an additional 69,576 shares during the last quarter.

Analysts Set New Price Targets

PRKS has been the topic of several research analyst reports. Truist Financial lowered their price target on United Parks & Resorts from $61.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Barclays reduced their price objective on United Parks & Resorts from $51.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. dropped their target price on United Parks & Resorts from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Citigroup cut their price target on United Parks & Resorts from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Finally, Zacks Research upgraded shares of United Parks & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Parks & Resorts currently has a consensus rating of “Hold” and a consensus price target of $49.36.

Insider Activity

In related news, insider Christopher L. Finazzo sold 7,200 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $35.12, for a total value of $252,864.00. Following the completion of the sale, the insider directly owned 138,285 shares of the company’s stock, valued at approximately $4,856,569.20. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

United Parks & Resorts Stock Performance

NYSE:PRKS opened at $35.47 on Monday. The stock has a 50-day simple moving average of $36.37 and a two-hundred day simple moving average of $42.96. The firm has a market capitalization of $1.93 billion, a PE ratio of 10.85, a P/E/G ratio of 2.43 and a beta of 1.27. United Parks & Resorts Inc. has a 52-week low of $29.62 and a 52-week high of $58.51.

United Parks & Resorts Company Profile

United Parks & Resorts, Inc is a holding company, which engages in the ownership and operation of theme parks. Its portfolio includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue. The company was founded in 1959 and is headquartered in Orlando, FL.